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Joinfortmill

(16,679 posts)

28. I moved 20% into cash/money market funds this morning

Reply to Jmb 4 Harris-Walz (Original post)

Sat Nov 9, 2024, 01:21 PM

Nov 9

For the remaining assets, I'm staying the course with S&P 500 funds. Vanguard VFIAX and VBIAX (gives me some bonds). No international, which given our new reality, may be a bit riskier. But the S&P are the big boys and have a global presence. I'm a 75 yo woman. I don't use an advisor. Many are good, I know, but I had a bad experience. Best of luck.

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So right now the stock market is going crazy. How long is it anticipated to last before the bottom drops out? [View all] Jmb 4 Harris-Walz Nov 9 OP

Here's some advice Prairie Gates Nov 9 #1

Oh trust me I know. But it doesn't hurt to get some info before seeing my financial advisor. I'd never take any Jmb 4 Harris-Walz Nov 9 #10

Good Lord Prairie Gates Nov 9 #12

What did I say to get that reaction? Puzzled 🤔 Jmb 4 Harris-Walz Nov 9 #17

Depends on how "professional" your professional is. DFW Nov 9 #20

Hope you're no longer with that agent at Morgan Stanley! Jmb 4 Harris-Walz Nov 9 #24

I put them in deep freeze DFW Nov 9 #29

Right now the market is going crazy over deregulation gab13by13 Nov 9 #2

Bill Clinton predicted recently the next President would be gifted with an economic boom andym Nov 9 #3

It all depends on what he will actually do, and if he goes through with what JohnSJ Nov 9 #4

If anyone knew the answer to that question they would be the richest person in the world overnight. Groundhawg Nov 9 #5

Dunno, retired Fed here too, but my TSP's been absorbed long time ago, relying on pensions (and Soc Sec.) elleng Nov 9 #6

I got blasted when I posted this earlier this week, but here it goes. Yavin4 Nov 9 #7

Can't cash out 401K until retirement. n/t CousinIT Nov 9 #8

But you can move the money into safer investments. Jmb 4 Harris-Walz Nov 9 #14

I'm not saying cash out. Yavin4 Nov 9 #15

Berkshire Hathaway agrees IA8IT Nov 9 #13

A friend of mine in Dallas would agree with you. DFW Nov 9 #26

Market timing is folly Fiendish Thingy Nov 9 #16

That is all correct. Folks who indulge in market timing are much more dependent on Disaffected Nov 9 #21

Diversify if you can DFW Nov 9 #27

Agreed and to add... WarGamer Nov 9 #23

Stay diversified Fiendish Thingy Nov 9 #9

I agree. n/t Hugin Nov 9 #18

To be honest... Hugin Nov 9 #11

If the crypto bros win, everyone who doesn't hold crypto loses. Yavin4 Nov 9 #19

You can even buy and pay with crypto on PayPal now womanofthehills Nov 9 #25

Jeez. Can he actually do that? Gonna check that out Joinfortmill Nov 9 #30

No. He cannot alone. Yavin4 Nov 9 #31

Recessions are cyclical... WarGamer Nov 9 #22

I moved 20% into cash/money market funds this morning Joinfortmill Nov 9 #28